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JDSU's Down

5:30 PM -- JDSU (Nasdaq: JDSU; Toronto: JDU) stock was down $1.15 (9.7%) at $10.75 in early after-hours trading, as the company missed estimates and forecasts with its fourth-quarter earnings.

JDSU reported non-GAAP net income of 50 cents per share where analysts expected 54 cents, according to Reuters Research .

And its first-quarter forecast (that is, the quarter that ends in September) is for revenues of $378 million to $394 million, compared with analysts' projections of $400.1 million.

However, JDSU is on the plus side in terms of free cash flow, and it's been pro forma profitable for the past four quarters. Revenues for the full fiscal year grew about 11 percent to $1.7 billion.

— Craig Matsumoto, West Coast Editor, Light Reading

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